Prospector Partners LLC Has $13.24 Million Stock Holdings in Citigroup Inc. (NYSE:C)

Prospector Partners LLC lifted its stake in shares of Citigroup Inc. (NYSE:C - Free Report) by 31.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,385 shares of the company's stock after acquiring an additional 60,975 shares during the period. Citigroup accounts for about 1.7% of Prospector Partners LLC's investment portfolio, making the stock its 24th largest position. Prospector Partners LLC's holdings in Citigroup were worth $13,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in Citigroup during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in shares of Citigroup in the 4th quarter valued at $29,000. Rakuten Securities Inc. purchased a new stake in Citigroup during the 4th quarter worth $35,000. Tennessee Valley Asset Management Partners acquired a new stake in Citigroup in the 4th quarter valued at $39,000. Finally, Venturi Wealth Management LLC raised its position in Citigroup by 52.5% in the fourth quarter. Venturi Wealth Management LLC now owns 796 shares of the company's stock valued at $41,000 after purchasing an additional 274 shares during the period. 71.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

C has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Citigroup from $54.00 to $66.00 and gave the company a "market perform" rating in a report on Friday, April 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Citigroup in a report on Monday, April 1st. Jefferies Financial Group upped their target price on Citigroup from $56.00 to $65.00 and gave the company a "hold" rating in a research report on Monday, April 8th. StockNews.com raised shares of Citigroup from a "sell" rating to a "hold" rating in a research report on Tuesday, March 19th. Finally, Piper Sandler lifted their price target on shares of Citigroup from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.85.

Citigroup Price Performance

Shares of NYSE:C traded down $0.79 during trading hours on Thursday, hitting $63.03. 11,533,922 shares of the company's stock traded hands, compared to its average volume of 15,810,389. The company's fifty day simple moving average is $61.52 and its two-hundred day simple moving average is $54.87. The company has a market cap of $120.23 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.95 and a current ratio of 0.95. Citigroup Inc. has a 52 week low of $38.17 and a 52 week high of $64.98.

Citigroup (NYSE:C - Get Free Report) last announced its quarterly earnings data on Friday, April 12th. The company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.29. The company had revenue of $21.10 billion during the quarter, compared to the consensus estimate of $20.46 billion. Citigroup had a return on equity of 6.17% and a net margin of 4.90%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, equities analysts anticipate that Citigroup Inc. will post 5.98 EPS for the current fiscal year.

Citigroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 6th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, May 3rd. Citigroup's payout ratio is 62.72%.

Citigroup Profile

Citigroup Inc, a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.